AMD Sep 2024 70.000 call

Chip stocks: Wolfe Research bullish on AMD, Nvidia

Chip stocks are in the spotlight at Wolfe Research, with the firm reiterating its Outperform rating on Nvidia (NVDA) and Advanced Micro Devices (AMD). The research firm has raised its price target on Nvidia to $1,200, which is up from $900. Additionally, Wolfe Research has added AMD to its Wolfe Alpha List, citing the chipmaker's robust AI product lineup. Yahoo Finance's Josh Lipton and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith